Mutual of America Capital Management LLC Lowers Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Mutual of America Capital Management LLC lessened its stake in LyondellBasell Industries (NYSE:LYB) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,875 shares of the specialty chemicals company’s stock after selling 1,866 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LYB. Valley National Advisers Inc. purchased a new stake in LyondellBasell Industries during the third quarter worth approximately $25,000. Compass Wealth Management LLC acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $25,000. FSC Wealth Advisors LLC acquired a new position in LyondellBasell Industries during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in LyondellBasell Industries during the third quarter worth $26,000. Finally, Venturi Wealth Management LLC grew its holdings in LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 242 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the sale, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last quarter. Insiders own 0.12% of the company’s stock.

LyondellBasell Industries Trading Down 1.3 %

Shares of LYB opened at $99.15 on Wednesday. The company has a market capitalization of $32.27 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The stock has a 50-day moving average price of $100.12 and a 200 day moving average price of $96.09.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. During the same period in the prior year, the business earned $1.29 EPS. The company’s quarterly revenue was down 6.6% on a year-over-year basis. Sell-side analysts forecast that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Analysts Set New Price Targets

A number of analysts have commented on LYB shares. Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. Wells Fargo & Company upped their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Barclays upped their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. upped their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.82.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.